Five tax credits available to startups in the US

The text discusses five tax credits that startups in the United States can utilize to reduce expenses and drive innovation. These include the $250,000 R&D federal tax credit for businesses with revenue less than $5 million; the small business health care tax credit for employers offering health insurance to their employees; the startup tax credit for retirement plans that provides up to $5,000 annually for three years when a company-wide retirement plan is started; the CARES Act employee retention tax credit providing up to $7,000 per employee in 2021; and the work opportunity tax credit offering up to $9,600 per eligible employee. The text also mentions that there are over 1,000 federal, state, and local tax credits available for qualifying startups.